Recent data predicts that by 2016, 401(k) funds, normally placed heavily in stocks, will perform worse than other investment options. This is alarming in terms of what it means for retirement of individuals who have worked so hard to preserve their future and ensure a secure, comfortable life after work. With 401(k)'s being heavily invested in stocks, it seems inevitable that there will be a massive shift towards IRAs in order to avoid financial disaster.
With an ever-increasing life-expectancy age as well as drastic rises in health-care costs, it seems Social Security is not enough to sustain anyone for their expected length of retirement. Social Security expenses are reaching a deficit which could result in further spending cuts urging a change in retirement policy in order to prepare for our futures after work. We must adequately prepare for the future before it is too late
New data has shed light on alarming investment decisions that people in their 50s and 60s are making for retirement. According to a recent article on NextAvenue.org, of the “consistent traditional Individual Retirement Account (IRA) investors” that are in their 50s, about one third have 100 percent of their IRA money in stocks. And for […]
As people are able to live longer and longer, our years in retirement entail a much longer time period as well as require significantly more financial support. Fox Business writes about how aging Americans are losing their buying power as they have lost almost one-third of their consumer power since 2000, according to a new […]
